This is a corporate governance/board update with limited direct financial impact in the near term. However, related analyst and company-specific supply-agreement context could attract some attention. AXT/AXTI is not in the provided active_symbols list, so the dashboard cannot attribute the move to an available ticker.
AXT (AXTI) Appoints Tracy Liu to Board of Director Jeff Lewis Mon, July 6, 2026 at 12:49 PM GMT+2 2 min read AXTI AXT, Inc. (NASDAQ:AXTI) is one of the 15 Best Data Center Stocks to Buy and Hold for the Next Decade . On June 23, 2026, AXT, Inc.
(NASDAQ:AXTI) announced that Tracy Liu was appointed to its Board of Directors, effective June 17, 2026. The board expanded to five directors from four. Liu brings more than 30 years of business advisory, tax strategy, and accounting experience, including 10 years with Big Four public accounting firms and more than 20 years advising public and private companies.
On June 25, Northland reiterated an Outperform rating and recently increased its price target on AXT to $125 amid a sharp pullback in the shares. Northland also cited AXT's "very positive" appearance at the firm's NCM Growth Conference. NVIDIA Corporation (NVDA)Shares Only Slightly Up Since Jim Cramer Recommended Owning Them Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine.
Computer Chip Manufacturing at Fab. Semiconductor Packaging Process. On June 18, AXT disclosed that its subsidiary, Beijing Tongmei Xtal Technology, entered into a long-term supply agreement with Nanjing Casela Technologies.
The agreement reserves production capacity and raw-material allocation for Casela in exchange for Casela's commitment to purchase a fixed aggregate quantity of indium phosphide wafer substrates from January 1, 2027, through December 31, 2027. In 2027, Casela is committed to purchasing an agreed quantity of InP substrate wafers for a total price of $25. 4M, with deliveries on a monthly schedule.
AXT, Inc. (NASDAQ:AXTI) designs, develops, manufactures, and distributes compound and single-element semiconductor substrates. While we acknowledge the potential of AXTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy . Disclosure: None.
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